Welcome to EQUITY SMART HOME LOANS!

Established in 2001, Equity Smart was created to make home loans accessible to everyone. We started as a small mortgage broker dedicated to three things: great customer care, integrity, and empowering our clients and partners. Since our humble beginnings, Equity Smart has grown to be a leader in the mortgage broker community.

We see a need for a new type of mortgage broker, one that views its loan officers and employees as partners, one that empowers people to build their equity through the mortgage process, one that takes pride in its commitment to improvement, integrity, teamwork, and tireless effort to deliver quality service. We see a need for Equity Smart. Welcome!

General Job Description

Equity Smart Home Loans is seeking to expand its compliance department to further ensure compliance with federal, state, NMLS, CFPB and other related regulations. We are looking for an experienced real estate, lending, and compliance professional to advise on compliance requirements as well as expand and implement our QC program as they relate to state (DRE), federal (NMLS), and other regulatory stakeholders. The Mortgage Compliance Officer’s primary goal will be to ensure Equity Smart performs mortgage activities in a legal and ethical manner while meeting its business objectives.

Key Tasks and Responsibilities

• Ensure that Equity Smart’s policies and procedures comply with applicable regulatory requirements.

• Responsible for liaising with regulators and vendors on compliance inquiries.

• Oversee and enforce Equity Smart’s Quality Control program

• Develop and monitor key performance indicators for Mortgage Operations.

• Serve as a subject matter expert in key laws and regulations for Mortgage Operations.

• Monitor and analyze developing trends and changes in applicable mortgage-related laws and regulations. Assist management with the implementation of regulatory changes.

• Train personnel on compliance-related matters.

• Review new products and initiatives for compliance with applicable federal and state regulations, statutes, and guidance.

• Oversee acquisition and maintenance of company federal, state and regional licenses

• Assist in state mortgage expansion projects and have knowledge of lending laws in the Company’s lending areas.

• Provide responses regarding daily questions from associates throughout the company regarding complex TRID, Regulation B, and other regulatory issues.

• Maintain a working knowledge of compliance requirements affecting your position and area of responsibilities and actively learn new regulations and assist in the implementation, if required.

• Model and foster behaviors that support Equity Smart’s values and corporate culture creating an atmosphere of trust, cooperation, accountability, and dedication to the organization.

• Assist in other areas when needed such as product and system testing and development.

• Willingly perform all other duties and projects as assigned.

• Monitor and oversee employee training, NMLS and related license maintenance, and compliance

• Identify and analyze risks including but not limited to complaints, vendors, process and system weaknesses, and testing to obtain a holistic view of regulatory risks

Desired Skills and Competencies

The ideal candidate is a reliable professional with 5+ years of experience who is not afraid to speak their mind and stand by their decisions. They will also:

• Be a subject matter expert on mortgage industry standards (e.g. FNMA, FHLMC, FHA, VA, HUD, and Fair Lending Guidelines) and lending guidelines (e.g. Conventional, FHA, VA, Non-QM, etc.)

• Have a highly developed work ethic including self-motivation, time management, organizational, and detail orientation skills.

• Approach tasks with a sense of urgency and adhere to assigned deadlines.

• Have effective communication (written and verbal) skills to adequately convey reports, findings, etc. related to job function.

• Have experience with overseeing a QC program, including meeting regulatory reporting requirements in a high production environment, 

• Have experience with licensing requirements for MLO’s, Branch Managers, and companies

• Be able to work independently and exercise good judgment in escalating issues to management.

• Be able to make decisions regarding compliance requirements and determine potential compliance implications for various situations.

• Be able to manage multiple projects at once.